Veolia 9-month adjusted operating profit up

RobertDaniel

TEL AVIV (MarketWatch) -- Veolia Environnement
VE, +0.45%VIE, +1.50%
the Paris provider of services in management of water and energy supplies as well as waste treatment and public-transport operation, reported that nine-month adjusted operating profit rose 4.7% on 0.8% higher revenue. Adjusted operating earnings were 1.5 billion euros ($2.07 billion) compared with 1.43 billion in the year-earlier period. Revenue reached 25.47 billion euros from 25.25 billion. Revenue in environmental services continued to improve sequentially, up 9.7% in the third quarter against 0.7% and 8.2% in the first two quarters, Veolia said in a Wednesday statement. The water division's revenue rose 1.5% after falling in quarters one and two, Veolia said. The company affirmed its targets for the year.

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